Task: Describe a work-related situation you feel could be improved. For example, you want to streamline the process for reimbursing employees, or you want to create a high-tech website for your small business but have no experience in programming or graphic creation.) Once you have determined your project, consider the following:
1. Identify the needs of the situation?
2. What is the project objective?
3. What assumptions, if any, should be made regarding the project to be undertaken?
4. Who are the main people or departments that need to be involved in this project?
5. What are the risks involved?
6. Why would your project be considered a project?
Every business unit faces a combination of circumstances in its daily state of business affairs. Some may be critical and trying seemingly impossible to solve. Here comes the role of an enterprising person with perseverance, patience, cool and determination to over come every situation be it financial, budget, employees, expansion, training, and procedure, process of manufacturing and marketing.
All these need immediate attention of the entrepreneur. Having staked his future, his savings, funds borrowed from others he can not afford to sit and muse. He has to act. He visualizes in advance, being constantly immersed in the business, how he will solve these problems. Employees, other stake holder are not bothered about these things. They are keen that they are amply compensated.
Now this young person makes a strategy to solve all the above problems along with a definite objective to succeed. He has now a project which must be completed within a time frame and budgetary constraints as efficiently as possible. He explains all these plans to his managers who in turn make their best effort to render their best for the success of the project. They train the workers; boost their moral by setting their own example as standard, recommend improvements wherever there is need for it.